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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies

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To: Baker Street who wrote (30203)12/17/1998 3:19:00 PM
From: JustInTime  Read Replies (1) of 119973
 
PAIR: Just because we have had 5M shares traded does not mean the rumour is true or not. Back around 10/30/98 I seem to remember that PAIR spiked to around $14 from 8 on about 15M shares on the same rumour...the CSCO rumour has been around for a LONG time, I have followed PAIR fairly closely for almost 3 years now.

I don't know if it is true or not obviously, but just want to remind all that less than 6 weeks ago we saw the same basic pattern and then rumour did not pan out that time either. I was a LT hold on PAIR but sold after that early Nov spike (somewhere around 12 1/2 if I remember correctly). I don't think PAIR is going to drop much below 7 so there is not much downside to holding, but there is a big upside for you shorts if the rumour turns out to be true...
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